How to file Income Tax Return Online in 2024

If you are a regular taxpayer, then it is very important for you to File Income Tax Return. There are many reasons of online Income Tax Return filing including carrying forward losses, claiming an Income Tax refund, claiming the tax deductions, etc. The process of online Income Tax Return filing is known as income tax e-filing. It becomes little convenient for the taxpayers to file Income Tax Return online India via e- portal of the government.

Last date of e-filing Income Tax

The last date of Income Tax e-filing 2023-24 is as given below (unless ITR due date extended)-

31st July 2024 for Individual/HUF/AOP/BOI (books of accounts not required to be audited).31st October 2024 for businesses requiring audit.30th November 2024 for Businesses requiring transfer pricing reports (in case of international/specified domestic transactions).31st December 2024 for revised return.31st December 2024 for belated/late return

 

Process of online Income Tax Return filing

The step by step process of Income Tax Return e-filing 2023- 24 is as mentioned below-

Step 1: Firstly you have to visit the official website of Income Tax e-filingStep 2: Then you have to register yourself (if not been registered yet) or log-in (if already registered) to the website.Step 3: After that you have to select the option e-file>>Income Tax Returns>>File Income Tax Return Step 4: Then, you have to select the assessment year and mode of filing.Step 5: After that, you have to select the status to File Income Tax Return among Individual, HUF, or others and ‘Continue’.Step 6: Then, you have to choose the correct ITR Form to proceed and then fill the form with all the required details. If you choose ITR 1 which is most commonly used, you have to fill the following details-Personal InformationGross Total IncomeTotal DeductionsTax PaidTotal Tax LiabilityStep 7: After that, you have to choose the reason of ITR filing.Step 8: Then, you have to submit and validate the bank account details & other information.Step 9: After that, your screen will display the tax computation summary as per your given information.Step 10: The most crucial step e-filing Income Tax is e-verification via Aadhaar OTP, Net banking, EVC i.e. Electronic Verification Code or by sending a physical copy of ITR to CPC Bengaluru.Step 11: At last, you have to click on the ‘Submit’ button to submit your ITR

Documents required for online Income Tax Return filing

PAN CardAdhaar CardForm 16Form 16A/16B/16CBank account detailsBank statement/passbookForm 26AS & AIS/TISHome loan statementTax saving instrumentsCapital gains detailsRental incomeForeign incomeDividend income

Conclusion

Congratulations for entering in the world of online Income Tax Return filing. It is very important for the taxpayers to file Income Tax Return so that they can claim the tax deductions. LegalPillers is here to help you with Income Tax India e-filing. We are here to navigate the complexities of Income Tax e-filing. So, make us your trusted partner for Income Tax e-filing 2023-24.